RE: Pathetic finish/range17 Aug 2018 19:03
Well I have contacted Investor Relations and the FCA. IR admit the large discrepancies which are sometimes as wide as 10% and they have also admitted this.
Part of their response below - basically all these top guys know the markets are rigged and manipulated but they do **** all and the FCA is a complete joke. They get paid huge fat sums for doing NOTHING! Just like the city boys.
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Volatility: One of the things which can explain short term volatility in many counters is the rising prominence of algorithmic trades (the so-called “algos”), especially overseas like the US and UK. This creates a lot of unexpected, unexplained and unwanted volatility. These algos are traders (in some cases machines, i.e. computers) that act solely on arithmetic formulas which trigger if certain parameters are met, such as a certain volume of trade, percentage change in share price, or sometimes obscure and unrelated things like a certain time, day, economic growth rate or even weather changes! Very often these algos use the same formulas and all trigger at the same time, which create exaggerated share price moves, hence the implementation by many exchanges of daily limits to cap these extreme moves.